#CryptoFees101 💸 Don't let fees eat into your crypto earnings! #CryptoFees101 📉

Do you trade cryptocurrencies? Watch out for the fees! They are unavoidable, but if you know them, you can save a lot. Here's an easy explanation:

1. Network Fee (Gas) ⛽️

* What is it? It's what you pay for your transaction to move on the blockchain (like a toll).

* What does it depend on? It depends on how many people are using the network at that moment (higher demand, higher cost). Think about Ethereum (ETH), its "gas fees" are famous!

* Tip: If it's not urgent, wait for the network to be less busy (nights or weekends tend to be cheaper!).

2. Exchange Fee 🔄

* What is it? What you pay to the platform (Binance, Coinbase, etc.) for buying or selling cryptos.

* What does it depend on? Each platform has its prices, usually a percentage of your transaction. Some give you discounts if you use their coin (like BNB).

* Tip: Compare prices! Not all platforms charge the same.

3. Withdrawal Fee 📤

* What is it? The fixed cost for taking your cryptos from the platform to your own wallet.

* What does it depend on? It varies according to the crypto and the exchange. Sometimes, for small amounts, it seems like a lot!

* Tip: If you can, make larger withdrawals to pay once.

4. Fees in DeFi and NFTs 🔗

* What is it? When using decentralized finance (DeFi) or buying NFTs, you also pay network fees for each click (approve, swap, create).

* Tip: They can be expensive! Check the "gas" price before interacting.

In summary: Understanding these fees will help you spend less and earn more in the crypto world. Don't let yourself be caught off guard!

Which of these fees has hurt your wallet the most? Let us know! 👇